February 27th, 2018 Mortgage Industry Update
The Bank of Canada announced on January 17th that it's overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders.
Additionally this week:
- BILD: New construction home sales declined by 48% in January in the Toronto region, compared to 2017. 31% drop from the 10-year average. Single-family benchmark home price rose 19.6% last month ...

February 20th, 2018 Mortgage Industry Update
The Bank of Canada announced on January 17th that it's overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders.
Additionally this week:
- Teranet-National Bank composite house price index rose 0.3% last month from December and gained 8.7% in January from a year ago, the smallest 12-month rise since May 2016. Toronto rising 0.2% ...

February 13th, 2018 Mortgage Industry Update
The Bank of Canada announced on January 17th that it's overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders.
Additionally this week:
- RE/MAX INTEGRA report: Home prices in the GTA and the Hamilton-Burlington region more than doubled in the last 10 years, while the average price of a home rose 81 per cent ...

February 6th, 2018 Mortgage Industry Update
The Bank of Canada announced on January 17th that it's overnight lending rate will increase to 1.25% from 1.00%. The prime rate has thus increased to 3.45% with most lenders. The 5 year posted rate has also changed to 5.14% with most lenders.
Additionally this week:
- Just 1 in 4 surveyed for CMHC’s 2018 Prospective Home Buyer Survey said that an interest rate would make them very likely to delay purchasing a new home.
- TREB forecasting sales ...